Diffusion Engineers Limited IPO GMP

Diffusion Engineers is engaged in the business of providing engineering solutions to customers both in domestic and international market. The Company has been in existence for over four decades and provides a wide range of products and services including manufacture of special welding consumables, wear plates and heavy engineering equipment for core industries and provide special and customized repairs and reconditioning services of heavy machinery and equipment.

Diffusion Engineers, an Book Built Issue amounting to ₹158 Crores, consisting entirely of Fresh Issue of 94.05 Lakh Shares. The subscription period for the Diffusion Engineers IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment is expected to be finalized on or about Tuesday, October 01, 2024, and the shares will be listed on the NSE and BSE with a tentative listing date set on or about Friday, October 04, 2024.

The Share price band of Diffusion Engineers IPO is set at ₹159 to ₹168 equity per share, with a minimum lot size of 88 shares. Retail investors are required to invest a minimum of ₹14,784, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,232 shares), amounting to ₹2,06,976.

Unistone Capital Private Limited is the book-running lead manager, while Bigshare Services Private Limited is the registrar for the Issue.

Diffusion Engineers Limited IPO GMP Today
The Grey Market Premium of Diffusion Engineers Limited IPO is expected to be ₹62 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Diffusion Engineers Limited IPO Live Subscription Status Today: Real-Time Updates
As of 05:35 PM on 30 September 2024, the Diffusion Energies Limited IPO live subscription status shows that the IPO subscribed 114.49 times on its Third day of subscription period. Check the Diffusion Energies Limited IPO Live Subscription Status Today at BSE.

Diffusion Engineers Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Diffusion Engineers IPO allotment date is Tuesday, October 01, 2024. Diffusion Engineers IPO Allotment will be out on Tuesday, October 01, 2024 and will be live on Registrar Website from the allotment date. Check Diffusion Engineers Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Diffusion Engineers Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Diffusion Engineers Limited IPO
Diffusion Engineers IPO Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹ 713.80 Million for Funding capital expenditure requirements towards Proposed Expansion of our existing manufacturing facility
2. ₹ 303.85 Million for Setting up of a new manufacturing facility at Hingna, Sonegaon District, Nagpur, Maharashtra (“Proposed Facility”)
3. ₹ 220.00 Million for Funding working capital requirements of the Company
4. General Corporate Purposes

Refer to Diffusion Engineers Limited RHP and Price Band Advertisement for more details about the Company.